(a) The Commissioner of Insurance shall collect in advance the following fees:
(1) Title insurance agent licenses: a. Individuals: 1. Application fee (for filing of initial application for license) ..............................$20
2. License fee (for issuance of original license and each biennial renewal) .....................$40 b. Business entities: 1. Application fee (for filing of initial application for license) .............................$20 2. License fee (for original license and each biennial renewal) ................................$100 c. Examination fee, an amount set by the commissioner not to exceed........................$100
d. Late renewal fee, to be paid by each title insurance agent failing to make a timely renewal of license.............$50 (2) Title insurance agent appointment fee: a. Filing notice of appointment ...........................................$30 b. Annual continuation of appointment ................................$10 (3) Prelicensing course provider fee (for filing initial application for authority and annual renewal) an amount set by the commissioner not to exceed ........$100 (b) The fees specified in subsection (a) shall be deposited in the State Treasury and credited to the Insurance Department Fund.
History: (Act 2012-397, p. 1078, §2.)